Acme United Q4 2023 Adj EPS $0.400 Misses $0.550 Estimate, Sales $41.900M Miss $46.309M Estimate
Portfolio Pulse from Benzinga Newsdesk
Acme United reported Q4 2023 adjusted EPS of $0.400, missing the $0.550 estimate, and sales of $41.900M, missing the $46.309M estimate. This represents a 5.00% decrease in sales compared to the same period last year.

March 01, 2024 | 2:02 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Acme United's Q4 2023 earnings and sales missed estimates, with a 5% decrease in sales year-over-year.
Missing both EPS and sales estimates significantly, especially in a quarter, usually leads to negative investor sentiment and can cause a short-term decline in stock price. The year-over-year decrease in sales further compounds concerns about the company's growth trajectory.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100